Arco Vara
Division of Arco Vara Puukool OÜ
Arco Vara / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The division of Arco Vara Puukool OÜ, a 100% subsidiary of Arco Vara, by separation entered into force on 18 August. This transaction separated the principal business of Arco Vara from its ancillary activities, i.e. property development from production of forestry plants. The newly separated entity, Arco Vara Ärikinnistute OÜ, being a 100% subsidiary of Arco Vara was filed with the commercial registry. Arco Vara Ärikinnistute OÜ owns in the city of Tartu one-half of the property situated in Tartu at Turu 34a. Arco Vara is one of the leading real estate developer in the Baltic's, operating also in Ukraine and Bulgaria. Core business is real estate development supported by brokerage network, construction arm and property management. The company has offices in 17 cities and employs ca 250 people. Arco Vara AS is listed on Tallinn Stock Exchange. Heigo Metsoja CFO Arco Vara AS phone: +372 614 4654 heigo.metsoja@arcovara.ee http://www.arcorealestate.com News Source: NASDAQ OMX 26.08.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Arco Vara Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100034653 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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